Sec. 207. Exemptions
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/bill/113/s/1217/rs/section-207·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All covered securities insured or guaranteed by the Corporation shall, to the same extent as securities that are direct obligations of or obligations guaranteed as to principal or interest by the United States, be deemed to be exempt securities within the meaning of the laws administered by the Securities and Exchange Commission. The first sentence of section 3(a)(2) of the Securities Act of 1933 ( 15 U.S.C. 77c(a)(2) ) is amended by inserting or any covered security, as such term is defined under section 2(9) of the after Housing Finance Reform and Taxpayer Protection Act of 2013 ;
Federal Reserve bank; . Section 15G(e) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–11(e) ) is amended— in paragraph (3)(B)— by striking Association, the and inserting Association and the ; and by striking and the Federal home loan banks ; and by adding at the end the following: Notwithstanding any other provision of this section, the requirements of this section shall not apply to any covered security, as such term is defined under section 2(9) of the Housing Finance Reform and Taxpayer Protection Act of 2013 , insured or guaranteed by the Federal Mortgage Insurance Corporation or any institution that is subject to the supervision of the Federal Mortgage Insurance Corporation. .
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- 15 USC 78o–11(e)
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